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M&G censure

Sunday 30 January 1994 00:02 GMT
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The National Association of Pension Funds has formally censured the directors of M&G, the unit trust group, for their proposal for a new share option scheme. It says the options are not properly linked to managerial performance. Shareholders are due to vote on the proposal, which could be worth pounds 43m to senior executives, at the annual meeting next Friday.

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